Embraer may 2015 book ri

This information is property of Embraer and can not be used or reproduced without written permission.MAY 2015
+55 12 3927 4404 | investor.relations@embraer.com.br | www.embraer.com

This information is property of Embraer and can not be used or reproduced without written permission.2
CORPORATE AND BUSINESS STRATEGY
• ORGANIC GROWTH
• MARGINS ENHANCEMENT THROUGH THE P3E
• BUSINESS AND REVENUES DIVERSIFICATION
• ORGANIC GROWTH AND ACQUISITIONS
• ESTABLISH EMBRAER AS THE DEFENSE HOUSE OF BRAZIL
• PRODUCT STRATEGY
• DIVERSIFICATION AND EXPANSION OF CUSTOMER BASE
• EXCELLENCE IN CUSTOMER EXPERIENCE (ECE)
• MARKET SHARE GROWTH
• MARGINS IMPROVEMENT
• PRODUCT STRATEGY AND CUSTOMER SUPPORT FOCUS

This information is property of Embraer and can not be used or reproduced without written permission.
FIRM ORDER BACKLOG
US$ BILLION
3
19.2 18.1
22.1 20.9 20.4
1Q14 2Q14 3Q14 4Q14 1Q15

LARGE JETS - LEGACY & LINEAGE
LIGHT JETS - PHENOM
105 106
90 92
20
2011 2012 2013 2014 2015YTD
AIRCRAFT DELIVERIES
4
16 22 29 24
2
83 77
90
92
10
2011 2012 2013 2014 2015YTD
2015 DELIVERY OUTLOOK
• 95 - 100 E-JETS
• 35 - 40 EXECUTIVE LARGE JETS
• 80 - 90 EXECUTIVE LIGHT JETS

5,791 6,167 6,235 6,289
1,056
2011 2012 2013 2014 2015YTD
5
NET REVENUES
US$ MILLION
2015 OUTLOOK: US$ 6.1 – 6.6 BILLION

24% 29%
48%
31% 22%
14%
14% 21%
21%3%
8%
3%
14%
6%
4%5% 9% 4%
9% 5% 6%
2012 2013 2014
61%
53% 50%
21%
27%
26%
17% 19% 23%
1% 1% 1%
2012 2013 2014
REVENUES BREAKDOWN
NET REVENUES BY SEGMENT NET REVENUES BY REGION
COMMERCIAL AVIATION
EXECUTIVE AVIATION OTHERS
DEFENSE & SECURITY
Revenues
US$ Billion 6.17 6.24 6.29
Revenues
US$ Billion6.17 6.24 6.29
NORTH AMERICA BRAZIL
EUROPE
ASIA PACIFIC
SOUTH & CENTRAL
AMERICA
AFRICA &
MIDDLE EAST
CHINA
6

OVER 80 AIRLINES IN MORE THAN 50 COUNTRIES
EMBRAER COMMERCIAL AVIATION
8

capacity: 70 to 80 seats
range: 2,100nm (3,900Km)
range: 2,000nm (3,700Km)
range: 2,400nm (4,500Km)
range: 2,200nm (4,100Km)
PRODUCT PORTFOLIO
capacity: 37 seats
range: 1,750nm (3,250Km)
capacity: 44 seats
range: 1,650nm (3,050Km)
capacity: 50 seats
range: 1,550nm (2,900Km)
capacity: 50 seats
range: 2,000nm (3,700Km)
9

E-JETS CUSTOMER BASE EVOLUTION
1999-2000 2001-2002 2003-2004 2005-2006 2007-2008 2009-2010 2011-2015YTD
2 4 14 27 50 55 65
Customers/ Operators
110
118
343
619
876
947
1,564
1,564
ACCUMULATED
FIRM ORDERS
10
Source: Embraer (Mar/15 – Commercial Airlines and Leasing Co.)

E-JETS Firm orders Deliveries Firm Backlog
E170 193 188 5
E175 441 269 172
E190 575 515 60
E195 145 138 7
E175-E2 100 - 100
E190-E2 60 - 60
E195-E2 50 - 50
Total 1,564 1,110 454
11
E-JETS FAMILY ORDER BOOK – 1Q15

15%
24%
61%
Latin America
Asia Pacific & China
E-JETS CUSTOMER BASE BY BUSINESS MODEL
FIRM ORDERS
COMMERCIAL JETS – NET ORDERS MARKET SHARE
Considering Accumulated Net Orders
70-130 SEATS JETS
BACKLOG
North America
Regional Airlines
Network Airlines
Low Cost Carriers
12%
7%
25%
19%
37%
17%
2%
5%
3%
73%
12
WORLDWIDE DISTRIBUTION
(% OF E-JETS FLEET+BACKLOG)
Europe & CIS
Middle East & Africa

helping airlines to be more efficient
13
E-JETS DEPLOYMENT
48%
25%
7%
20%
North America
39%
11%
14%
36%
Europe/CIS
76%
16%
5%
3%
Africa/Middle East
40%
46%
5%
9%
Asia Pacific
45% 28% 7% 20%WORLD
RIGHT-SIZING NEW MARKETS REPLACEMENT
OF OLD JETS
NATURAL
GROWTH
36%
40%
6%
18%
Latin America
12%
64%
24%
China

• REPLACEMENT OF OLD/INEFFICIENT JETS
• RIGHT-SIZING OF NARROW-BODY OPERATIONS
• HUB FEEDER AND POINT-POINT OPERATION IN LOW AND MID-DENSITY MARKETS
• REGIONAL AVIATION DEVELOPMENT
AROUND 6,250 JET DELIVERIES (70-130 SEATS) IN THE NEXT 20 YEARS (US$ 300 BI)
14
PROJECTED DELIVERIES - JETS
MARKET SEGMENT
(SEATS)
2014 – 2033
DELIVERIES
70 - 90 2,300
90 - 130 3,950
70 -130 6,250
EMBRAER MARKET FORECAST (2014 – 2033)
NORTH
AMERICA
2,010
32%
LATIN
AMERICA
700
11%
AFRICA
230
4%
EUROPE
1,140
18%
MIDDLE
EAST
250
4%
CIS
380
6%
CHINA
1,020
17%
ASIA
PACIFIC
520
8%

COMPETITIVE SCENARIO 70-130 SEATS
130
120
110
100
90
80
70
SSJ95/100
MRJ90
ARJ21
CRJ900
CRJ1000
CRJ700
CAPACITY
(SINGLE CLASS)
737-7 MAXA319 NEO
CS100
CS300
E-195
E-190
E-175
E-170

RIGHT CAPACITIES TO MATCH MARKET DEMAND
70
80
90
100
110
120
130
+4 SEATS
SAME
+14 SEATS
20%
20%
E190-E2
E195-E2
E175-E2
17
capacity: 120-136 seats
range: 2,000nm
range: 2,800nm
range: 1,920nm

E175-E2
NEW WING
More efficient, high aspect ratio
metallic wing. Raked wing tip.
IMPROVED AVIONICS
4 larger 13”x10” displays
and touchscreen controls
MAIN LANDING GEAR
Enabling larger engines. Gear doors
for improved fuel efficiency
OPTIMIZED WING/ENGINE
DIFFERENT WING AND ENGINE COMBINATIONS FOR E175-E2 AND E190/195-E2
NEW ENGINES
Larger fan diameter and
improved fuel efficiency
18
E2 NEW FEATURES – NOT JUST A RE-ENGINE
E190-E2 & E195-E2

• HIGHEST COMMONALITY AMONG
E-JETS E2 MODELS (AAA)
• FULL FLIGHT SIMULATOR OR HIGH - LEVEL
FLIGHT TRAINING DEVICE NOT REQUIRED
• FEWER THAN 3 DAYS TRANSITION
TRAINING BETWEEN THE TWO E-JET
GENERATIONS
19
E-JETS & E-JETS E2 PILOT COMMONALITY
• SAME TYPE RATING COMMONALITY
BETWEEN E-JETS E2 AND CURRENT E-JETS
FAMILY (CCC)

E-JETS E2 SUPPLIERS
PACIS
Fuel System
Water & Waste
Pax Oxygen
Crew Oxygen
External Lights
Hydraulic Pumps
Cabin Management Sys
Cabin Lights
Emergency Battery
Passenger Service Unit
Control Wheel
Column-by-Wire
Control Pedals
Avionics
Powerplant / APU
Flight Controls
E-bay Cooling Sensors
Fans package
Recirculation Filter
AMS
LG Controls
Pilots Seats
Observer Seat
FA seats
Cockpit Printer
Cockpit Lighting
Vertical and
Horizontal Tail
Doors (Pax, Service & OWE)
Spoilers / Ailerons
Center III, Rear Fuselage
Rudder, Elevator, Insulation
Wheels & Brakes
APU Electrical System
(Generation, Distribution,
Emergency, Batteries e Converters)

FUEL BURN PER SEAT
E175-E2 (80 seats)
vs. E175 (76 seats)
E190-E2 (97 seats)
vs. E190 (97 seats)
E195-E2 (120 seats)
vs. E195 (106 seats)
-16%
-24%
-16%
0%
-5%
-10%
-15%
-20%
-25%
Target values for 600 nm sector; Dual Class configuration;
21
FUEL BURN IMPROVEMENTS

180+
160
140
120
100
80
SSJ95/100
MRJ90 ARJ21CRJ900
CRJ1000
CRJ700
CAPACITY
(SINGLE CLASS)
737-7 MAXA319neo
A320neo
737-8MAX
CS100
CS300
E175-E2
E190-E2
E195-E2
22
NEW COMPETITIVE SCENARIO

• EMBRAER INVESTMENT ON RESEARCH, DEVELOPMENT AND
CAPEX FOR THE E-JETS E2 FAMILY WILL BE US$ 1.7 BILLION
• INVESTMENT WILL BE SUPPORTED BY EMBRAER’S CASH
GENERATION AND DEBT
• INVESTMENTS SPAN FROM 2013 - 2020 WITH MORE
CONCENTRATION IN 2014 - 2017
23
PROGRAM INVESTMENT

Preliminary Information as of January, 2013 -- US$ 3.3/USGal, 10 years NPV @ 9% rate
BETTER FUEL CONSUMPTION GAIN
• E175 E2: US$ 4.8M
• E190 E2: US$ 7.0M
• E195 E2: US$ 6.5M
MAINTENANCE COST REDUCTION GAIN
• US$ 1.0~1.5ME175
AR (8E5): 42.9
E190
AR (10E5):47.4
E195
AR (10E5): 50.1
E-Jets
E175-E2
46.8
E190-E2
53.6
E195-E2
60.4
delta: 3.9 M
delta: 6.2 M
delta: 10.3 M
E-Jets E2
SEAT CAPACITY INCREASE GAIN
• E175 E2: US$ 1.6M (4 SEATS)
• E195 E2: US$ 4.8M (14 SEATS)
24
LIST PRICES (US$ MILLION)

PROGRAM UPDATE
E190-E2
• FIRST METAL CUT IN OCTOBER 2014
E195-E2
• JOINT DEFINITION PHASE ON GOING
• MORE THAN 80% OF PRELIMINARY
DESIGN REVIEWS PERFORMED
E175-E2
• PRELIMINARY STUDIES PHASE CONCLUDED
• INITIAL DEFINITION PHASE CONCLUDED
• JOINT DEFINITION PHASE STARTED

E195-E2 | EIS 2019
E190-E2 | EIS 1H2018
E175-E2 | EIS 2020
210 Firm Orders
380 Commitments
26
E2 ENTRY INTO SERVICE
590 E-JETS E2

NEARLY 850 JETS IN SERVICE IN MORE THAN 50 COUNTRIES
28
EMBRAER EXECUTIVE JETS

PRODUCT PORTFOLIO
LARGE
AIRCRAFT MODEL SEATS /RANGE
up to 8 occupants/
1,178 nm
up to 11 occupants/
1,971 nm
7 to 9 passengers/
2,300 nm
8 to 12 passengers/
3,000 nm
13 to 14 passengers/
3,400 nm
4,500 nm
ENTRY
LIGHT
MID-LIGHT
MID-SIZE
ULTRA-LARGE
SUPER MID-SIZE
Certified: 2008
Certified: 2009
UNDER DEVELOPMENT
Certified: 2001
Certified: 2008
ULTRA-LONG RANGE
COMPETITORS
• Cessna - Mustang/M2
• HondaJet
• Cessna - CJ2+/CJ3/CJ4
• Bombardier - Learjet 40XR/70
• Bombardier - Learjet 45XR/75
• Cessna - XLS+/Latitude
• Bombardier - Learjet 85
• Cessna - Sovereign
• Gulfstream - G150
• Bombardier - CL605/GL5000
• Dassault - Falcon 2000LXS/
900LX
• Gulfstream - G350/G450
• Airbus - ACJ 318/319/320
• Boeing - BBJ/BBJ2/BBJ3
3,900 nm
Certified: 2010
• Bombardier - GL6000/GL7000/
GL8000
• Gulfstream - G500/G550/G650/
650ER
• Dassault - Falcon 7X/8X
• Bombardier - CL300/CL850
• Cessna - X/Longitude
• Dassault - Falcon 2000S
• Gulfstream - G280
Certified: 2014

DELIVERIES SHARE (UNITS)REVENUES SHARE (US$ BI | B&CA LIST PRICES)
MARKET DELIVERIES 2014: 705 UNITS
EMBRAER DELIVERIES: 116 UNITS
BOMBARDIER
MARKET REVENUES 2014: US$ 21.9 BILLION
EMBRAER REVENUES: US$ 1.6 BILLION
30
MARKET SHARE
HAWKER-BEECH DASSAULT
CESSNAGULFSTREAMOTHERS

MARKET DRIVERS

0%
4%
8%
12%
16%
20%
24%
28%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%ofactivefleet
Units
Fleet older than 10 yrs Fleet from 6 to 10 yrs
Fleet up to 5 yrs Positions
Fleet up to 5 yrs and positions Total fleet % for sale
Up to 10 yrs % for sale
32
BUSINESS JETS PRE-OWNED MARKET INVENTORY
Source: Jetnet and Embraer analysis, April 2015
10.8%
2,179 jets
7.5%
616 jets

IMPROVED ECONOMIC ENVIRONMENT IN US MAY DRIVE MARKET TURNAROUND
33
MARKET RECOVERY IN SLOW MOTION
US 2015 GDP EXPECTED ABOVE 3.0%
LOW OIL PRICE GENERATING OPPORTUNITIES
US CORPORATE PROFITS AND HNWI AT RECORD LEVELS
NEW PRODUCTS ENTERING INTO SERVICE
TRAFFIC RECOVERY ON TRACK IN US BUT SLOWER THAN EXPECTED IN EU
PRE-OWNED AIRCRAFT PRICES STABILIZED
EUROPEAN MARKETS CONTINUE AT RISK; SOFTENING EMERGING MARKETS DEMAND

0
200
400
600
800
1000
1200
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Deliveries Forecast (units)
9,250 JETS AND US$ 265 BI IN THE NEXT 10 YEARS
34
2015-2024 MARKET FORECAST
Units US$
1,057
5
1,688
15
1,000
15
854
18
1,231
32
1,626
66
1,616
101
170
12
Deliveries Revenue
N15YF
Ultra Long Range
Large
Supermid
Midsize
Midlight
Light
Entry
Ultra Large

NORTH AMERICA
4,620 a/c (50%)
US$ 120 Bi (45%)
EUROPE, MIDDLE EAST & AFRICA
2,360 a/c (26%)
US$ 77 Bi (29%)
ASIA PACIFIC
570 a/c (6%)
US$ 19 Bi (7%)
LATIN AMERICA
850 a/c (9%)
US$ 16 Bi (6%)
CHINA
835 a/c (9%)
US$ 33 Bi (12%)
WORLDWIDE
9,250 units
US$ 265 Bi
35
2015-2024 MARKET FORECAST BY REGION
Note: sum of regional numbers might differ from total numbers due to rounding
Source: Embraer Analysis

NEARLY 70 SERVICE CENTERS WORLDWIDE.
EMBRAER SERVICE CENTER
AUTHORIZED SERVICE CENTER
36
SERVICE CENTER NETWORK

OVER 50 ARMED FORCES
38
EMBRAER DEFENSE & SECURITY

INTEGRATED PORTFOLIO
LIGHT ATTACK AND
ADVANCED TRAINING
TACTICAL MILITARY
TRANSPORT
ISR (INTELLIGENCE,
SURVEILLANCE AND
RECONNAISSANCE)
UAVs RADARC4I LAND SYSTEMS SERVICES
39
SATELLITE
TRANSPORT AIRCRAFTMODERNIZATION
PROGRAMS

COMMAND AND
CONTROL
SYSTEMS
AIR TRAFFIC
MANAGEMENT
CONTROL
SYSTEMS OF
SYSTEMS
C4I
UAVS
SIMULATORS
MODERNIZATION
OF AVIONICS
SYSTEMS
LAND DEFENSE
SYSTEMS
INTEGRATION
SISFRON
IMPLEMENTATION
MRO
AERO
STRUCTURES
REMOTE
SENSING
AERIAL
SURVEILLANCE
RADAR
SATELLITE
GEOSTATIONARY OF
DEFENSE AND
COMMUNICATIONS
(SGDC)
100% 51% 65%90% 100%51%
40
PARTNERSHIPS
UAVs RADARC4I LAND SYSTEMS SERVICESSATELLITE

REVENUES EVOLUTION (US$ MILLION) BACKLOG EVOLUTION (US$ BILLION)
41
EMBRAER DEFENSE & SECURITY RESULTS
REVENUES PARTICIPATION (%)

BRAZIL: 99
COLOMBIA: 25
DOMINICAN REPUBLIC: 8
CHILE: 12
ECUADOR: 18
INDONESIA: 16
GREYSTONE (TACAIR): 1
MAURITANIA: 2
BURKINA FASO: 3
ANGOLA: 6
USA: 20
TOTAL MARKET FORECAST:
300 AIRCRAFT / US$ 3.5 BILLION
800
2,000
700
MEDIUM-TERM
LONG-TERM
SHORT-TERM
ADDRESSABLE MARKET FORECAST 2020
(US$ MILLION)
PARTNERSHIP WITH BOEING TO PROVIDE WEAPONS INTEGRATION, INCREASING CAPABILITIES OF THE AIRCRAFT.
• FIRM ORDERS: MORE THAN 210 AIRCRAFT
• OVER 190 AIRCRAFT DELIVERED
42
SUPER TUCANO

• A new tactical military transport and tanker aircraft
• Partnership with Boeing to share technical knowledge and to market and sell the KC-390 in
certain markets
• Six countries letters of intent, totalizing 60 aircraft
• FAB and Embraer signed the series production contract for 28 KC-390
• First flight in February 2015
TOTAL MARKET FORECAST 2025:
700 AIRCRAFT / US$ 50+ BI
43
EMBRAER KC-390
BRAZIL (28)
COLOMBIA (12)
ARGENTINA (6)
CHILE (6)
PORTUGAL (6)
CZECH REP. (2)

BRAZILIAN NAVY A-4
12 aircraft
BRAZILIAN AIR FORCE A-1M
43 aircraft
3 delivered
BRAZILIAN AIR FORCE F-5M
46 aircraft + 7 aircraft (2nd batch)
46 delivered
BRAZILIAN AIR FORCE E-99
5 aircraft EMB 145 AEW&C
A-4
ADDRESSABLE MARKET FORECAST 2025
(US$ MILLION)
TOTAL MARKET FORECAST:
228 AIRCRAFT / US$ 1.5 BILLION
437
567
505MEDIUM-TERM
LONG-TERM
SHORT-TERM
44
MODERNIZATION PROGRAMS

SISFRON
Integrated Borders Monitoring System
First phase: US$ 420 Million
Total estimate: US$ 4 Billion
Comprising radars, communication networks, C4I,
unmanned air vehicles (UAV) and armored vehicles
SATELLITE
Estimate: US$ 400 Million
Participation in the first Brazilian Geostationary Satellite
Ref. dez/12
SENS
59%
COMM
9%
UAV
12% SW
20%
45
BRAZILIAN ARMY PRIORITIES

2015 OUTLOOK

EBITDA MARGIN 12.0% – 13.0%
NET REVENUES
EBITDA
US$ 6.1 – 6.6 BILLION
US$ 730 – 860 MILLION
EBIT MARGIN 8.0% – 8.5%
EBIT US$ 490 – 560 MILLION
FCF > (US$ 100) MILLION*
47
2015 CONSOLIDATED OUTLOOK
* FCF USE OF LESS THAN US$ 100 MILLION.

2015 BUSINESS UNITS OUTLOOK
48
18% OF NET REVENUES
2% OF NET REVENUES
28% OF NET REVENUES
52% OF NET REVENUES
DELIVERIES: 95 TO 100 E-JETS
US$ 100 MILLION
US$ 1.70 – 1.85 BILLION
US$ 1.10 – 1.25 BILLION
OTHER REVENUES
US$ 3.20 – 3.40 BILLION
DELIVERIES: 80 TO 90 LIGHT JETS
35 TO 40 LARGE JETS

TOTAL INVESTMENTS: US$ 650 MILLION
RESEARCH US$ 50 MILLION
DEVELOPMENT US$ 300 MILLION
CAPEX US$ 300 MILLION
49
2015 INVESTMENT OUTLOOK

FINANCIAL RESULTS

NET REVENUES - US$ MILLION SG&A EXPENSES - US$ MILLION
51
NET REVENUES | SG&A EXPENSES
SELLING EXPENSESG&A EXPENSES
2015 OUTLOOK: US$ 6.1 – 6.6 BILLION
92
115
99
113
86
48
53
52
55
43
1Q14 2Q14 3Q14 4Q14 1Q15
151
168168
140
129
1,242
1,761
1,240
2,046
1,056
1Q14 2Q14 3Q14 4Q14 1Q15

INCOME FROM OPERATIONS (EBIT) | EBITDA
EBIT - US$ MILLION EBITDA - US$ MILLION
EBIT EBIT MARGIN EBITDA EBITDA MARGIN
2015 OUTLOOK:
US$ 490 – 560 MILLION | 8.0% – 8.5%
2015 OUTLOOK:
US$ 730 – 860 MILLION | 12.0% – 13.0%
92
187
68
196
80
7.4%
10.6%
5.5%
9.6%
7.5%
1Q14 2Q14 3Q14 4Q14 1Q15
151
261
136
281
149
12.2%
14.8%
11.0%
13.8% 14.1%
1Q14 2Q14 3Q14 4Q14 1Q15

NET INCOME - US$ MILLION FREE CASH FLOW - US$ MILLION
FREE CASH FLOW
NET ADDITIONS TO PP&E
NET CASH GENERATED (USED) BY OPERATING ACTIVITIES*
ADDITIONS TO INTANGIBLE
* Net of Financial assets adjustment
53
NET INCOME | FREE CASH FLOW
NET MARGINNET INCOME
111
143
(11)
91
(62)
8.9% 8.1%
-0.9%
4.5%
-5.9%
1Q14 2Q14 3Q14 4Q14 1Q15
(273)
13
49
507
(292)
(48)
(60) (89) (87)
(57)
(83)
(103) (97) (132)
(91)
(404)
(150) (138)
288
(440)
1Q14 2Q14 3Q14 4Q14 1Q15
2015 OUTLOOK: FCF > (US$ 100) MILLION

INDEBTEDNESS PRINCIPAL MATURITIESCASHLOCALCASHABROAD
PRINCIPAL MATURITIES = US$ 2.39 BILLION

INDEBTEDNESS PROFILE | NET CASH
INDEBTEDNESS MATURITY NET CASH (DEBT) - US$ MILLION
LONG-TERM SHORT-TERM
LOANS AVERAGE MATURITY (YEARS)
96% 96% 96% 96% 89%
4% 4% 4% 4% 11%
5.9
5.7 5.6 5.4 5.3
1Q14 2Q14 3Q14 4Q14 1Q15
TOTAL DEBT 1Q15: US$ 2.39 BILLION TOTAL CASH 1Q15: US$ 1.81 BILLION
53
(114)
(327)
(85)
(581)
1Q14 2Q14 3Q14 4Q14 1Q15

INVENTORIES
US$ MILLION
2,542 2,439
2,767
2,405
2,696
1Q14 2Q14 3Q14 4Q14 1Q15

INVESTMENTS
US$ MILLION 2015 YTD: 106
7 27
72
50
300 300
RESEARCH DEVELOPMENT CAPEX
2015 OUTLOOK: US$ 650 MILLION
2015 OUTLOOK2015 YTD

EPADS AND PAY OUT
EPADS PAY OUT
US$
1.83
0.62
1.92 1.88 1.82
34%
116%
26% 26% 27%
2010 2011 2012 2013 2014

735,779,161 VOTING SHARES
59
OWNERSHIP STRUCTURE – 1Q15

CORPORATE
INFORMATION

BRAZILIAN ALLIANCE FOR BIO-FUEL
ISO 14001 AND OHSAS
18001 CERTIFICATIONS
1ST ETHANOL POWERED
AIRCRAFT IN THE WORLD
GREENER
TECHNOLOGY
SOCIAL ACTIVITIES
61
SUSTAINABILITY INITIATIVES
REFORESTATION PROJECTS
RECYCLING
CORPORATE VALUES

E-JETS FINAL ASSEMBLY LINE TRANSFORMATION
E-JETS WING JUNCTION LINE TRANSFORMATION
Performance Indicators 2008
(15 ac/month)
2009
(10 ac/month)
2012
(10 ac/month)
Number of positions 12 5 4
Cycle time (days) 18 10 8
Work in Process
(US$ Mi)
212 95 68
Number of non-
conformity per a/c
32 1.7 0.76
Overtime
(% of work hours)
10 1.5 0
62
P3E – LEAN RESULTS

KAIZEN - E-JETS CYCLE REDUCTION COST OF NON QUALITY REDUCTION
57%
40% REDUCTION ON THE PRODUCTION CYCLE
40%
44% REDUCTION ON CNQ
63
P3E – LEAN RESULTS

COST: US$ 29.0 MILLION
BENEFIT: US$ 268.4 MILLION
64
“BOA IDEIA” PROGRAM EVOLUTION

INVESTOR RELATIONS
PHONE: +55 12 3927 4404
INVESTOR.RELATIONS@EMBRAER.COM.BR
WWW.EMBRAER.COM

This presentation may contain forward-looking statements, projections and estimates regarding circumstances
or events yet to take place, including, but not limited to, those statements relating to guidance. These forward-
looking statements are based largely on current expectations, forecasts of future events and industry and
financial trends that affect Embraer’s businesses. These statements are subject to risks, uncertainties and
assumptions that include, among others: general economic, political and trade conditions, both in Brazil and in
those markets where Embraer does business; management’s expectations and estimates concerning the
company’s future financial performance; plans and objectives of our management; financing plans and
programs, and the effects of competition; industry trends and growth opportunities; inflation and fluctuations
in exchange rates; the company’s investment plans; Embraer’s operating efficiencies and synergies and its
capacity to develop and deliver products on the dates previously agreed upon; results of operation; business
strategies; benefits of new technologies and existing and future governmental regulations. To obtain further
information on factors that may lead to results different from those forecast by Embraer, please consult the
reports Embraer files with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Comissão de
Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and
“Risk Factors” in Embraer’s annual report on Form 20−F. The words “believe”, “may”, “will”, “estimate”,
“intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify forward-looking
statements. Embraer does not undertake any obligation to publish updates or to revise any forward-looking
statements due to new information, future events or any other factors. In view of the inherent risks and
uncertainties, such estimates, events and circumstances may not occur. The actual results and performance of
Embraer could therefore differ substantially from those anticipated in Embraer's forward-looking statements.
66
FORWARD LOOKING STATEMENT

Embraer may 2015 book ri

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Embraer may 2015 book ri